The price of the red metal, main export of Chile, is trading at new highs of almost two years and is on track for its best week in 15 months.
On Friday, the dollar fell to levels around $950, mainly due to the extended surge in copper to new highs since mid-2022, and as tensions in the Middle East eased following Israel’s first direct attack on Iran, which did not lead to expectations of further retaliation.
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